openPR Logo
Press release

Impressive Growth of Biologics to Lend Global Sterile Medical Packaging Market Significant Boost

Impressive Growth of Biologics to Lend Global Sterile Medical

Sterile Medical Packaging Market: Snapshot

The sterile medical packaging market has witnessed impressive growth over the last few years owing to the significant increase in the demand for pharmaceutical and biologics products. Sterile medical packaging finds extensive usage in the packaging of medical equipment, medical supplies, and pharmaceutical and biological products due to its high performance and anti-contaminant properties. The global sterile medical packaging market is estimated to expand at a steady CAGR of 4.7% during the forecast period, amounting to US$38.3 bn by 2024.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=260

The wide availability of new products in the field of biologics and biopharmaceuticals, coupled with specific requirements of patients for better compliance, is driving the market for sterile medical packaging worldwide. Likewise, the mounting demand for sterilization in reference to healthcare and personal care products has driven the need for sterile medical packaging.

Rising Application of Sterile Medical Packaging in Pharmaceuticals and Biologics

The global sterile medical packaging market is segmented on the basis of product type, material type, and application.

Vials and ampoules emerged as the leading product segment due to their wide application in multiple pharmaceutical industries throughout the forecast period. This segment is anticipated to account for 37% of the overall sterile medical packaging market by the end of 2016. However, the segment is anticipated to witness a marginal decrease in market share by the end of the forecast period. The pouches and bags segment, on the other hand, will lead the sterile medical packaging market by 2024.

The plastics segment is estimated to account for the leading value share of 51.6% in the sterile medical packaging market by 2016-end based on type of material. This segment is expected to register healthy Y-o-Y growth during the forecast period, along with the glass segment. The non-woven segment is expected to register a healthy growth rate till 2019; however, it is expected to lose traction in the later phase of the forecast period.

Based on end use, the pharmaceutical and biologics packaging segment stands out among all other segments owing to the rising demand for packaged medical products. While the medical supplies segment is forecast to lose market share through 2024, the segment of medical equipment is expected to witness a steady growth in demand for sterile medical packaging.

Browse Market Research Report @ http://www.transparencymarketresearch.com/sterile-medical-packaging-market.html

Sterile Medical Packaging to Gain Traction in Europe despite Sluggish Growth

On the basis of geography, the global sterile medical packaging market has been segmented into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. North America, though a developed market with multiple players, is expected to gain momentum in the later phase of the forecast period thanks to future investments in the manufacturing and healthcare sector. The mature market of Europe, on the other hand, is anticipated to witness sluggish growth throughout the forecast period. However, late adoption of medical packaging in several countries such as Poland, Turkey, and Romania offers significant growth prospects for the sterile medical packaging market in the region. The Latin America and MEA markets for sterile medical packaging are expected to register steady growth through the course of the forecast period.

The key players operating in the global sterile medical packaging market include Amcor Limited, Placon, Dupont, Steripack, Wipak Group, 3M medical Packaging, Nelipak Healthcare, Oracle Packaging, Sonoco Plastics Europe, Billerkornas AB, and Ampac Group.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Impressive Growth of Biologics to Lend Global Sterile Medical Packaging Market Significant Boost here

News-ID: 647902 • Views: 192

More Releases from Transparency Market Research

Lithography Equipment Market: Study Provides In-Depth Analysis Of Automotive Flo …
TMR’s report offers a complete analysis of the global Lithography Equipment Market with an in-depth analysis of facets such as notable developments, challenges, and key trends. The report also focuses on the drivers propelling the growth of the global Lithography Equipment Market. This information can help readers understand the quantitative growth prospects of the market during the forecast period. Browse Our Report @ https://www.transparencymarketresearch.com/lithography-equipment-market.html The global Lithography Equipment Market is expected to
Automotive Lighting Market Forecast With Top Companies, Growth Factors, Classifi …
TMR’s report offers a complete analysis of the global Automotive Lighting Market with an in-depth analysis of facets such as notable developments, challenges, and key trends. The report also focuses on the drivers propelling the growth of the global Automotive Lighting Market. This information can help readers understand the quantitative growth prospects of the market during the forecast period. Browse Our Report @ https://www.transparencymarketresearch.com/automotive-lighting-market.html The global Automotive Lighting Market is expected to
Power Semiconductor Market In-Depth Analysis By Key Players, Size, Share, Trends …
TMR’s report offers a complete analysis of the global Power Semiconductor Market with an in-depth analysis of facets such as notable developments, challenges, and key trends. The report also focuses on the drivers propelling the growth of the global Power Semiconductor Market. This information can help readers understand the quantitative growth prospects of the market during the forecast period. Browse Our Report @ https://www.transparencymarketresearch.com/power-semiconductor-market.html The global Power Semiconductor Market is expected to
Photomask Market Forecast With Top Companies, Growth Factors, Classification, Re …
TMR’s report offers a complete analysis of the global Photomask Market with an in-depth analysis of facets such as notable developments, challenges, and key trends. The report also focuses on the drivers propelling the growth of the global Photomask Market. This information can help readers understand the quantitative growth prospects of the market during the forecast period. Browse Our Report @https://www.transparencymarketresearch.com/photomask-market.html The global Photomask Market is expected to show a promising CAGR

All 5 Releases


More Releases for Sterile

Global Ultrasound Gel Market Study 2015-2025, by Segment (Sterile, Non-Sterile), …
Ultrasound gel is a type of conductive medium that is used in ultrasound diagnostic techniques and treatment therapies. The global Ultrasound Gel market will reach xxx Million USD in 2018 and with a CAGR if xx% between 2019-2025. Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.): Download exclusive Sample of this report: @ https://www.researchgoal.com/reports/99SHea20181803196 Sterile Non-Sterile Demand Coverage (Market Size & Forecast, Consumer Distribution): Hospitals Clinics Diagnostic centers Company Coverage (Sales data, Main Products
Sterile Tubes Market Overview and Market Application 2018-2025
Worldwide Sterile Tubes Market 2018-2025 incorporates a brief on these examples that can help the associations working in the business to fathom the market and strategize for their business augmentation in like way. The exploration report examinations the market estimate, industry share, development, key sections, CAGR and key drivers. Overview of the Sterile Tubes Market Global Sterile Tubes market size will increase to Million US$ by 2025, from Million US$ in 2017,
Global and Chinese Sterile Injectable Drugs Market
https://www.qandqmarketresearch.com/reports/sterile-injectable-drugs2018-market-4 The Global and Chinese Sterile Injectable Drugs Industry, 2013-2023 Market Research Report is a professional and indepth study on the current state of the global Sterile Injectable Drugs industry with a focus on the Chinese market. The report provides key statistics on the market status of the Sterile Injectable Drugs manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Firstly, the report
Monoclonal Antibodies Sterile Injectable Drugs in Globla Market 2017 - 2025
Press Release - 09 July 2018 Research and Development News -- . . Latest Update "Monoclonal Antibodies Sterile Injectable Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" with Industries Survey | Global Current Growth and Future. ' ' Monoclonal antibodies are produced through cell division from a single ancestral or parent cell. Monoclonal antibodies are a class of antibodies with identical offspring of a hybridoma and are
Sterile Injectables: Opportunities Galore for Generics Manufacturers
Increasing use of biologics in healthcare industry, with the gaining prominence, the emergence of antibody-drug conjugates (ADCs) and monoclonal antibodies (MA) into the drug development and clinical pipeline, has spurred growth of the sterile injectable market worldwide. According to Piramal, the development and manufacturing of sterile injectables is highly complex and capital intensive. The operative cost for injectable is high as almost all injectables in present pharma market are toxic
Monoclonal Antibodies Sterile Injectable Drugs Market Analysis 2017-2025
Monoclonal antibodies are produced through cell division from a single ancestral or parent cell. Monoclonal antibodies are a class of antibodies with identical offspring of a hybridoma and are quite precise for a specific site in the body derived from a single clone and can be grown for an indefinite time. Monoclonal antibodies may have monovalent affinity, in that these bind to the same epitope. These have brought about a